Topic: Newbie looking for advice - page 4. (Read 869 times)

If you are trying to sell collectibles in exchange for crypto then try it here.
https://bitcointalk.org/index.php?board=217.0

100-300 USD may not be enough to hold it.
Try adding some more or you could go to services in case you have some skills to offer.
Maybe that could add more to you savings in bitcoin.
Done it here and now I have some good numbers which I enjoy looking everyday. Yes, it will be held for a long time.

Diversify it mate. Sticking to one option isn't a advisable nor recommended atleast. Try distributing your funds with different altcoins as well may be a quarters of your over all fund with Bitcoin like 40% - 50% is for bitcoin and the remaining is for different alts. Well you seemed familiar with the basics then try looking out for other techniques, and try doing it just follow what they do and you'll never be at least failed.

$ 100-300 is not a large amount of money, but if you invest appropriately it will bring significant profits for you.
I recommend 50% to buy bitcoin, 30% to buy Binance Coin and 20% to buy ETH. These are the coins that are highly valued in the market and can bring you future profits.

If you can get $100-$300, then you can move to the next step. You can buy all of the amounts for bitcoin, or you can divide it between buying bitcoin and altcoin, so you have a chance to make both profits from bitcoin and altcoin. I suggest the second option, which is you can buy bitcoin for half money and use the other half to buy altcoin.

The altcoin you can but don't have to be a high price, but you can buy low price coins but have the potential to increase. But for what altcoin you can buy, that will depend on your analysis, and I don't want to suggest the coin because I am afraid that if I recommend the wrong coin, you will get losses. So you should search for yourself to find the right coins.

Just my opinion. I think it's better to buy btc today instead of diversifying your investment. The btc halving is causing too much hype in the market that may result into a bull run and It is possible for another all time high next year or in January to June 2021. You are more ensured with btc than other alts in the market but still the decisions are up to you.

The thing is that many of the top altcoins are getting their direction and power from Bitcoin. There is no point in diversifying if these other assets are not actually detached from Bitcoin movements. However, if there is really a need to also get some alts, then getting Ethereum and XRP should suffice. You should, however, be focusing a lot on Bitcoin as this is the digital asset poised to achieve a good rate of ROI in the coming months. I also like your idea of selling the stuffs you don't already need and maybe even start a little eCommerce operation of your own, accepting cryptocurrencies for payments. Sadly, I still have to find a good and reliable gigs platform where we can perform tasks in exchange for Bitcoin, just like the Fiverr site. Yeah, there are many sites like that but most do not have a good number of users.

Lost a good portion trading for alts... maybe after this IS why spent and cash out the rest and nowadays 0sathosis, i was think that will lose more so its why i dont own crypto nowadays...

Guys, which wallet is good? IS mycellium a good wallet to hodl and adds little portions each month?
Want to hodl 2-3 years

Greetings

What does your personal experience tells you about trying to get more bitcoin by investing in altcoins? You already know the answer but you do not want to follow your own experience, you already tried that path and you failed, there is no need to try it again when it is even more difficult now to make money with altcoins, but before you make any purchase be honest with yourself, why do you want to hold bitcoin and for how long you can hold it? You failed at that as well and you may fail again.

Many thanks all people for the reply!
I dont want to learn how to trade, im studying and dont want to study anything more haha, i want to buy and hodl like 2-3 years
At the end of the month i hope to have 100-300$ to spent and i want to invest in crypto as i think i need to have a small portion, so by that im considering to re-enter in this space, i trust the future of money will be crypto and the king crypto will be Bitcoin but i needed that money and dont have any penny in the bank account so i cashed out and spent all and im worried now because dont own any sathosi and i like to have a little portion.
I think i will finally buy 100-300$ at the end of the month and 80% Will be for the king (Bitcoin) and the other 20% diversified on alts.
For the one who says "dont buy crypto collectibles" , im with you, i have done it bad, if i had used that money to buy crypto and no that collectibles It will be better, probably better returns in the future. Im going to sell that collectibles in this forum and exchange it to crypto which is better.
Its not good to have crypto collectibles and not have real crypto haha.
So... This month i will invest that 100-300$ (depend of my needs) and the next months i hope to invest a little more, maybe week a week , like investing 20-30$ a week can be good option, i have a crypto atm in my city so its easy.
Sorry if my english is bad sometimes, im learning it haha.

Greetings from Europe

The best way to earn and keep safe his investment is to have a part time job that would really sustain to his financial needs. Even if he was still studying, he can have a part time job or be a working student so that he will ensure his investment without taking some of it since the market is too volatile.

Always start with bitcoin and only delve into alts when you have a decent position in bitcoin.  Alts will end up getting you an empty bag again.  They should be used to hedge your bitcoin position not to be more than your position.  Too many people gamble and lose on alts than the other way around.  Either way good luck to you

you can buy bitcoin and hold for long term (2 years for example) . prices bitcoin can reach 20000 usd per btc before halving . that mean hold for long term is good and you can get profit in less then year . price now good for invest into bitcoin always

If OP still studying then long term might not happen again as he might still use it, if he is in need, he really needs to expand or add cashflow in him so he'll be able to sustain his need without using if ever his investment. Having part time or I suggest half of it's budget now to be intended for investment in bitcoin and half for emergency fund so he still have some savings if ever the market is not in good condition, he don't need to be at loss.

If you already have money to invest maybe half of it will be in bitcoin and the rest will be on different altcoins. It is your time to buy now because the price still remains at the price of 9100$+ and it still not move. Maybe do not sell any of your goods but try to find a good or decent job that you can earn money. You can find some jobs here where they will also pay in bitcoin. Always remember that do not put all eggs in one basket that's why you must diversify all your investment.

You already have a bad experience with alts. You should learn from it. If I were you, I would focus on building my wealth on bitcoin. Buy some bitcoin in small portions regularly so that you could cost average the price. You never know. You made mistakes during the last crypto bull run, maybe you can redeem yourself on the next.

You already had a bad experience with alts so why go back and start dealing with them again? Forget about alts and go all in on BTC.

Btw, for how long are you planning to hodl? Did you set a price target at which you'll consider cashing out? Hopefully you won't cash out at 20k because the profits will be minimal (if you're buying such low amounts). My advice: hodl for the long-term, 5-7 years or maybe more.

Go on, invest it in bitcoin if you have the money or if you are too eager to buy it, you can diversify a little if you plan on holding some of your altcoins too.
I suggest you find a part time job for your personal expenses and avoid spending your bitcoin to anything. Long term investors are aiming to hold their token specially bitcoin when the right time comes for selling.

Better to buy Bitcoin in the long run compared to altcoin which keeps you losing?
Bitcoin has high hopes for you next year so this opportunity is good for you, even though you spent altcoin last year but now you have done your research so reconsider between bitcoin and altcoin.
My suggestion is to hold bitcoin more for your future.

It's hard to tell you good advice, because I don't know what you want to achieve? Do you want to be a market speculator or do you want to be an investor? To be a market speculator you must always operate in the sense of the market, and with only Bitcoin, the Altcoins I really do not recommend them for anything and less as an investment.

For investment, what you should do is leave that money there and wait until Bitcoin takes its bullish trend, the problem is that it is not known when it will occur, but I assure you that it is an investment that will not give you losses, the last ATH was of $ 20K, this time there will be a new ATH over $ 20k.

If you leave it in investment, forget about that money, that money should not be touched at all because your investment would fall, so be very careful to keep your accounts and daily expenses up to date without touching your investment. I advise you to read some books by Jessi Livermore and Wyckoff, because they were speculators who took advantage of the movements of the Stock Market, and their teachings can be applied to the Crypto market, as time goes by, your investment is there and you learn, that is, You will not waste time or money.

After you learn and understand the market, you can do your analysis and you will realize if your potential is to be a market speculator or investor.

Buying collectibles in BTC was certainly a mistake on my part. People were paying 5-6 BTC for Casascius error coins that now fetch 1.2 or whatever. If you plan to stay in BTC that's the first thing I'd get rid of.